SM: RedBird decline to comment on Milan takeover rumours – the situation

By Isak Möller -

RedBird Capital are in talks with Elliott Management over buying AC Milan and they are at an advanced stage. In fact, several confirmations have arrived on the matter today, more or less including from RedBird themselves. 

Il Sole 24 Ore broke the news early this morning, stating that RedBird have put an offer of €1.3bn on the table. The figure could increase to €1.8bn through a series of clauses, which is significantly more than the €1.1bn Investcorp offered.

Representatives of RedBird communicated to SempreMilan that the firm has decided to not comment on the reports that have emerged in the last few days. As most of us know, that in itself is a signal that negotiations are indeed ongoing.

More updates on the matter should arrive in the coming days and Milan-Sassuolo could be the last game for Elliott Management, who took over the club back in 2018. It’s been a very positive journey and they could end on a high this Sunday.

Tags AC Milan elliott management RedBird Capital
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